A SENIOR executive from the Irish operation of reinsurance firm General Re has been charged in the US with assisting fraud at insurance giant American International Group (AIG).

Ian Guider

FRESH details about dealings between insurance giants American International Group (AIG) and General Re are expected to emerge later today.

RONALD FERGUSON, former chief executive of Berkshire Hathaway’s General Re unit, refused to answer questions from federal prosecutors and regulators on reinsurance accounting, prompting the company to sever remaining ties.

A SENIOR executive at the Dublin arm of reinsurance firm General Re is facing a civil fraud action by US financial regulator the Securities & Exchange Commission (SEC).

THE Irish branch of reinsurance firm General Re will come under intense scrutiny today when its owner Warren Buffett is interviewed by US investigators about transactions carried out from its Dublin operations.

IMPROPER dealing from companies based in the IDFSC in Dublin will not go unpunished, the head of the Irish Financial Services Regulatory Authority (IFSRA) warned yesterday.

THE investigation into the activities of American International Group (AIG) has taken another twist after the company agreed not to destroy any documents held in its Irish subsidiary.

US FINANCIAL services firm American International Group admits a reinsurance transaction with the Dublin-based subsidiary of General Re was improper.

GENERAL Re, the reinsurance company whose Dublin branch is at the centre of an international investigation, yesterday agreed to respond to a regulatory probe in Australia.

MAURICE “Hank” Greenberg, who turned American International Group (AIG) into a global insurance powerhouse, is stepping down as chairman this week as investigations into the company’s business practices mount.

INTERNATIONAL financial regulators are probing transactions at the Dublin subsidiary of an insurance company owned by billionaire investor Warren Buffett.